A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
The firm, despite its ambitious plans to accumulate BTC, saw its shares plunge more than 12% in Friday’s trading session.
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The firm, despite its ambitious plans to accumulate BTC, saw its shares plunge more than 12% in Friday’s trading session.
Bitcoin slumped just modestly from record high levels on Friday, but the carnage in related stocks was far worse.
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RoxomTV is being built as a media network backed by a 100% bitcoin treasury and currently holds 84.72 BTC
Proceeds to support corporate initiatives including bitcoin acquisitions and working capital.
The move comes as the long/short ratio is at its lowest point since September 2022.
An already under pressure bond market took a further hit following a weak auction of long-term U.S. Treasury debt.
Regulatory tailwinds, persistent ETF and corporate buying, Fed rate decisions and Trump’s looming tariff deadline are setting the crypto market up for an eventful next few months.
Bitcoin (BTC) may be on the verge of a major technical breakout that could come as early as this week, … Continue reading
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The crypto market’s resilience contrasts with the decline in equities and gold following Moody’s U.S. credit downgrade.